But the one that is likely to cause much consternation among developers is the Centre's insistence that private companies undertaking any redevelopment of koliwadas (fishing villages) within 100 m of the coastline will come under the purview of the Right to Information Act (RTI).
This is also seen as a move the government's part to protect its interests, given that it will now be mandatory for the state to partner with builders in redeveloping slums and hold a minimum stake of 51%. The announcement was made by Union environment minister Jairam Ramesh at a press conference on Saturday. Read the full report here.
Source: Sanjeev Shivadekar, TNN, Mumbai.